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CNBC
Dec 28, 2012 7:00pm EST
couples facing a higher tax burden. the bush-era tax law which eliminated the so-called marriage penalty for joint filers is expiring, meaning with couples with next as little as $80,000 would be subject to taxation at the rate of the higher earning spouse. a nationwide survey done byic which chick chicago-based northern trust, yes, they've been more proactive in planning for the cliff versus those with $1 million or less and finally, that same survey had 44% of high net worth individuals saying their top priority for the country is economic growth and reducing unemployment versus 19% for reducing the federal budget deficit. tax reform and to end the washington gridlock is also on the wish list, michelle. >> mine, too. >> thanks, hampton. >>> once again, the big story tonight, no fiscal cliff deal and not even a new offer from the white house. three days to go. president obama asked the senate leaders to try to make a deal. we'll get more on all of it from washington next. so, this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive,
CNBC
Dec 28, 2012 2:00pm EST
. >> we've heard that before. sounds like a mini deal. welcome to my father-in-law jim lemarca and the cast of his book, "bonus time." it's sort of like "zero dark 30" kind of sort of. >> that will do it for "power lunch." >> "street signs" begins right now. >>> there is a full cornucopia of cliffs on this fiscal friday. the president plans to pop another tax proposal on congress, but will it pass? the clack is ticking. latest ahead. >>> so what would a cliff jump really mean for american business? you will hear directly as we reconvene our exclusive small biz all-star panel. >>> plus, call it the retail hu "hunger games." three companies that may not survive. >>> predictions 2013. big calls for the new year, mandy. >>> bring it on. the s&p 500 is on track for a fifth straight decline. some of the hope does seem to be coming out of the market of late for a deal. of course, there could still be time. nonetheless, what we have seen is a drop of 1.3% so far this week. indead, the s&p's longest losing streak in three months. even the good news on home sales. not helping the three m
CNBC
Dec 26, 2012 6:00am EST
. >>> and this is interesting if you have been following the herbalife story. they're working with the law firm-by-schiller, in connection with the fight with billackman. shorting the company. last week he revealed he had been shorting the stock. the "wall street journal" saying it's not clear what counsel the corporate litigator could be offering herbalife, you can imaginin it's going to get tough and aggressive. at some point we've got to talk about julian -- julian robertson on twitter. if we'll consider that a headline. if he's on twitter -- >> did you know about this? >> no. >> there's a handle -- >> i've seen other people that it's obviously not them -- >> this could be him, though. and there's a big debate. a raging debate going on line about whether julian robertson is actually tweeting or not. you have a view? >> i -- i'm going shy away from this conversation other than -- >> we need to find out, though. >> other than to say it's a raging debate. >> i e-mailed him. this julian robertson -- >> how do you know you're e-mailing the right one? >> wow. >> because i have e-mailed with him pr
CNBC
Dec 28, 2012 12:00pm EST
them so aggressively. i think they've hired up david boyes law firm, did microsoft and the u.s. and bush vs. gore. this is the law firm from that. i think this is a big deal and they're going to go after him hard. >> you're telling me you'd buy the stock? >> i did a few days ago but unfortunately liquidated it two days ago when it was 28. i mean, this stock traded down into the 25, 24 range. >> it is not only that. the stock has come from 50 down to 30. people are taking gains on their shorts. >> stocks may be down for a fifth straight day but our next guest sees that as an opportunity to buy, alec young, global equity strategist. >> great to be here. >> we gave the shorter-term traders something to chew on. if you are a longer-term investor are you focused at all on the cliff and should you be? >> i am. because it is going to determine my entry point. frankly the worse it gets the better because it means i get to buy stock cheaper. the cliff is all about when do you get long? i think it is the risk reward is nicely set up for risk assets into 2013. it's just a question of do
CNBC
Dec 26, 2012 12:00pm EST
't. the law firm, these are the guys that represented bush -- rather, gore against bush and microsoft versus the united states. they're the who's who of companies. >> david b 0oyce, he's the fame attorney. >> that's right. this is not playing around. this is going after ackman. there could be some tortious interference here. we'll have to see how big they can make. >> barry manilow, really? >> that was a song. >> come on. >> i'm with weiss on that. i don't know. >> everybody is thinking it. he said it. >> he's the man that wrote the song. >> christmas dinner with barry. >> here it is. >> we know what he got for christmas. >> it's an emotional time of year now. >> who gave it to him. >> we know what he got. >> are you going to let any lyrics come through? all right. we'll move on as "the wall street journal" highlights, the turf wars between apple, amazon, google is heating up. let's trade it. between apple, between google, between amazon and facebook, which stock is going to emerge as the biggest winner next year? >> apple and google, i stick with apple. we've been talking about it for a mon
CNBC
Dec 27, 2012 6:00am EST
, and $100 million net worth. >> correct. so big payday for law firm and toyota deal. the big firm, of the winner, hagans berman. do you know them? >> no. >> seattle based law firm that serves as the lead council in the class action set to receive more than $300 million. not bad work if you can get it. >> how much? >> $300 million. taking a third. a little less than a third. >> -- magnetic business cards as the ambulance passes by. >> right. >> i would buy some stock in those today, right? for these guys. you wonder why texas is doing a little built better. because they have put in some rules in place. i'm sorry. >> no. >> you come from a lawyer. >> i do. but we -- my dad doesn't have magnetic business cards. we don't do ambulances. >> no, you were on the good side of things, wasn't he? >> most of the time. >> all right. not all the time? all right. yeah, you did have that sign, i forgot, from the smoker's litigation, where did that -- asbestos? where did that come from? >> the steinway? >> dock workers at four u.s. ports in the pacific northwest will remain on the job despite an o
Search Results 0 to 5 of about 6